13 days on rocket

3251 Old Getwell Rd, Memphis, TN, 38118

$4,100,000

0 Baths
Multi
Schools Nearby

Location

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Property Highlights

Home TypeMulti Family
ParkingAsphalt/Blacktop
Year Built1973
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10172400
StatusActive

About 3251 Old Getwell Rd

This 48-unit property is a value add opportunity located near East Memphis. There are 43-3BR units and 5-2BR units. The total scheduled monthly income is 44764. There are 12 units left to be rehabbed. Drive by only. Please do not disturb residents

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 2

Listing Office:

  • Office Name: Crye-Leike Commercial

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Vinyl Floor

Exterior Features

Parking Information:

  • Parking: Asphalt/Blacktop

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Take Lamar (E) past Knight Arnold to Old Getwell. Turn left on Old Getwell to 3251 Old Getwell.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,100,000

Tax Information:

  • Annual Amount: $3,562
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

3251 Old Getwell Rd vs Memphis

13 DAYS ON ROCKET

$4,100,000

+$3.9M More

KEY TAKEAWAY

This property is $3.9M more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10172400

Listing Office:

  • Office Name: Crye-Leike Commercial

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 5:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 13, 2018Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,562$49,200
2020$3,536$49,200
2019$3,536$48,800
2018$2,006$48,800
2017$2,133$48,800

History based on county public records data.

Payment Calculator

$20.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12.3K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-4244485
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 8.34 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,783. The most common annual income of people living in Memphis, TN is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

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Rocket Homes›Tennessee›Shelby County›Memphis›38118›3251 Old Getwell Rd

This home is located at 3251 Old Getwell Rd in Memphis, TN and zip code 38118. This home was built in 1973. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $4,100,000.

In April 2024, from all listings sold in Memphis, TN there were more than 75 sold above asking price, over 272 sold below and more than 122 were sold right at the asked price. The number of listings in Memphis, TN increased by 13.1% between March 2024 and April 2024.

From Rocket Homes Real Estate and based on county public records data.

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